BRIDGE Housing's A+ Credit Rating Renewed by S&P

SAN FRANCISCO, CA, January 27, 2016—Nonprofit BRIDGE Housing's “A+” issuer credit rating has been renewed by Standard & Poor’s Ratings Services, a leading provider of independent credit risk research and benchmarks. BRIDGE is a top developer, owner and manager of affordable housing on the U.S. West Coast.

BRIDGE first earned the rating in 2015 as part of its five-year strategic initiative to double its production of affordable and mixed-income housing. The following views are among those cited in Standard & Poor’s rating of BRIDGE:

Strong financial profile, reflected by the ability to cover operating and maintenance costs from rental income, and a strong liquidity profile

Effective strategic planning that has led to a growing and diverse portfolio of attractive housing units in multiple regions along the West Coast

“In this time of scarce public resources, attracting capital is critical to revitalizing neighborhoods and meeting the need for affordable housing,” said Cynthia A. Parker, President and CEO of BRIDGE Housing. “The A+ rating validates the stability and solid business model that we’ve demonstrated to investors and lenders for more than 30 years. We anticipate this will enhance BRIDGE’s efforts to raise debt and equity for development and preservation of affordable and mixed-income housing.”